Allianz takes stake in CBG as AIM shares raise £3m
Manchester-based insurance broker the CBG Group has raised £3m, after two placings of shares on the ...
Manchester-based insurance broker the CBG Group has raised £3m, after two placings of shares on the Alternative Investment Market at 141p per share.
The new funds are set to finance a number of potential acquisitions. In a separate deal Allianz bought 675,000 shares in the company, amounting to 5.6% of the broker. Allianz claimed that it had no plans to take a place on the board of CBG or to be involved in any way with the ongoing running of the business. In March, Allianz Commercial was
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